The Myer Fashions on the Field finalists have been announced, as they met at the Field Enclosure Launch for the Melbourne Cup carnival, in a thoroughly blue ribbon affair on Wednesday.

Four of the five state finalists, who will be judged alongside the yet-to-be-announced Victorian winner, sported Royal blue for the occasion.

The finalists so far include Alice Bright from Tasmania, Ashleigh Ridgeway from WA, Reggie Thei from New South Wales, Courtney Moore from SA, and Inessa McIntyre from Queensland (who wore a golden orange hue).

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Royal blue: The Myer Fashions on the Field finalists have been announced (pictured), as they met at the Field Enclosure Launch for the Melbourne Cup carnival

Blue ribbon: Four of the five state finalists, who will be judged alongside the yet-to-be-announced Victorian winner, sported Royal blue for the occasion

The women were selected by a panel of judges on a series of women's racewear criteria, including style and originality, appropriateness of their outfit for the Melbourne Cup Carnival, and individual attention to detail with accessories.

Understanding the current fashion trends, as well as paying attention to grooming and deportment, was also considered important.

The winners all win a trip to the Melbourne Cup Carnival and an invitation to compete in the Myer Fashions on the Field National Final at Flemington on Crown Oaks Day.

On Wednesday, they posed for photographs ahead of the expanded, two-storey Myer Fashions on the Field enclosure launch in The Park precinct at Flemington.

Ambassadorial role: The five finalists were joined by Myer ambassador, Steph Smith (pictured) - she wore a dress by Alex Perry and a hat by Lisa Tan